Economy

Bypassed for decades by the luxury industry, Iran and its explosive market growth potential have recaptured the attention of global luxury heavyweights in the last 12 months.

Labor force participation rate rose to 38.2% in the last Iranian year (ended March 19) from 37.2% the year before, said government spokesman.

Iran’s Agricultural Minister Mahmoud Hojjati will meet his German counterpart Christian Schmidt in Tehran on April 10, the government’s news portal reported. Improving the two countries’ relations…

Tehran Stock Exchange’s main index TEDPIX inched up 93.70 points or 0.12% to settle Tuesday trade at 80,965.8.

Close to 60% of the listed companies recorded increases in their shares prices…

Iranian cement prices will rise 17% by July, says the chairman of Cement Industry Employers Association, Abdolreza Sheikhan. According to the official, the hike in prices is intended to make up…

The Iranian Privatization Organization sold 219 billion rials ($6.2 million at market exchange rate) worth of government-owned stocks to non-government owners in the last Iranian month (ended…

Businesses need loans, but they are too expensive. Investment in new ventures is low because it is hard to find a business plan that can return more than a bank offers to its customers.

In…

Capital increases by companies listed in Tehran Stock Exchange rose 14% in the last Iranian year (ended March 19, 2016), as companies raised cash to keep their solvency.

Samsung Electronics Company officially launched its latest flagship mobile handsets, the Galaxy S7 and S7 Edge in the Iranian market on April 5 at Tehran's Milad Tower Complex.

The Samsung…

An Iranian startup company has created a new smart key finder called Findima that can locate anything connected to it.  The new device is a location-based device that works with a mobile app…

An Iranian scientist, Nima Sharifi, along with his colleagues at US Case Western University, opened the door for a new detection method that allows doctors to diagnose patients with certain…

Facebook began using artificial intelligence to help people with visual impairments enjoy photos posted at the leading social network.

The online social networking service  introduced…

Two trade delegations, one from the Czech Republic and another from Russia, are due to visit Iran on 17th and 19th April respectively and visit Tehran’s Chamber of Commerce, Industries, Mines and…

The Central Bank of Iran held a press meeting Monday to officially announce that it has reconnected to Swift, the interbank messaging system. The move comes after sections of the conservative bloc…

The US dollar started the Persian New Year on weak ground, defying expectations that the currency would surge in the early days of the fiscal year (started March 20). It entered the week after the…

The Majlis ratified a law on Monday allowing foreigners to invest in Iran’s gradually growing insurance industry by buying shares of domestic firms, opening branches and corresponding offices in…

Tehran Stock Exchange’s all-share index TEDPIX inched up 19.40 points or 0.02% to close Monday trade at 80,872.1.

Petrochemical, steel and auto manufacturing companies gave the biggest…

Oman-based Dhofar Steel has announced plans to establish a steel rolling mill in Sohar Industrial Estate with raw material sourced from Iran, Bahraini digital news provider GDNonline reported.

Iran’s clothing industry has long been reeling under the detrimental effects of smuggling, to the point that from a total of $10 billion worth of domestic demand per annum, $7-8 billion worth of…

Iran Chamber of Commerce, Industries, Mines and Agriculture has published details of the agreements signed between Iranian and Austrian businesses in Vienna last week.

The import tariffs for items included in Iran-Turkey Preferential Trade Agreement will be revised during the meetings of the two countries’ joint commission, which is scheduled for mid-April, Mehr…

Several Singaporean companies are moving quickly to gain a foothold in Iran after international sanctions on the Islamic Republic were lifted in January.

According to an article in…

Restaurants are prohibited from asking for service charges, says Ali Asghar Mir-Ebrahimi, an official with Iran Chamber of Guilds.  According to the official, with the exception of special…

Iran’s egg exports have halved over the past one and a half months, the head of the board of directors at Tehran’s Union of Producers of Egg-Laying Chicken. “The decrease in exports come as Turkey…

Iran will be the focal point of today’s German Near and Middle East Economic Conference 2016 in Berlin.  The conference will provide participants with the opportunity to meet with the…